Sure Insurance

Understanding the stability of SURE

Financial strength simplified

We don’t have to tell you that you can look to an insurance company’s rating, capital and reinsurance program to understand its financial strength. But we know the reciprocal model might be new to some. As we continue to expand SURE, we want to make sure you have the information you need to share our new product offerings with policyholders. Here’s a quick look at the numbers.

SURE has sufficient capital to absorb losses

  • Approximately $40 million of policyholder surplus and over $90 million of net admitted assets as of December 31, 2021
  • Because SURE is a reciprocal, its policyholders make small surplus contributions that bolster reserves for paying claims

Rated and recognized financial stability

  • An A, Exceptional, rating from Demotech
  • A Risk-Based Capital (RBC) ratio of 425% at year end, well above the 350% RBC ratio that SURE has committed to maintaining

The right reinsurance protection

  • SURE will purchase over $500 million of catastrophe reinsurance in 2022, which models show would have provided more than adequate protection against the largest hurricanes to impact the United States in the last 120+ years (see chart)
  • SURE will also buy quota share reinsurance, further limiting its exposure to losses

You can be confident SURE products are built with the same innovation, diligence and underwriting expertise as the other SageSure programs you know and love. And it’s available on Agent Portal along with the SageSure products you currently offer, so you’ll experience the same ease of doing business and support you need to grow when you add SURE to your book of business.